\n
The Ghana Union of Traders\u2019 Associations (GUTA) has called for the immediate end to the implementation of a 5% excise tax on plastic manufacturers.<\/strong><\/p>\nAccording to the Association, under the prevailing economic challenges, it would be \u201cinsensitive\u201d for government to implement such a tax.<\/p>\n
\u201cGUTA registers its indignation at the imposition of the 5% Excise Tax on plastic manufacturing companies in the country, and call for immediate withdrawal of the tax to save the companies from collapse,\u201d part of a press release signed by the General Secretary, Alpha Shaban reads.<\/p>\n
The Association said, \u201cWe do not want to believe that the government is being insensitive to the plights of the business community and Ghanaians as well by imposing such a tax on plastic manufacturers in the country, especially, at this time of instability of the local currency, coupled with increasing utility tariffs and other numerous taxes that the business community is grappling with.\u201d<\/p>\n
GUTA wondered the rationale for imposing such a tax at this time, \u201cWhat economic sense does it make at this time, when the government is said to be driving its industrialization agenda, calling for the need for import substitution and at the same time imposing such obnoxious tax on local manufacturing companies to collapse businesses, which are already suffocating as a result of unbearable taxes in the system?\u201d<\/p>\n
\u201cThe business community can no longer accept any additional layer of cost to doing business in the country, so we appeal to the government to, as a matter of urgency, stop the implementation of the 5% excise Tax to alleviate hardship in the country,\u201d the statement concluded.<\/p>\n
3 news.com <\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The Ghana Union of Traders\u2019 Associations (GUTA) has called for the immediate end to the implementation of a 5% excise tax on plastic manufacturers. According to the Association, under the prevailing economic challenges, it would be \u201cinsensitive\u201d for government to implement such a tax. \u201cGUTA registers its indignation at the imposition of the 5% Excise […]<\/p>\n","protected":false},"author":1,"featured_media":196327,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-196326","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
Stop 5% excise tax on plastic manufacturers immediately \u2013 GUTA tells government \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/07\/04\/stop-5-excise-tax-on-plastic-manufacturers-immediately-guta-tells-government\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stop 5% excise tax on plastic manufacturers immediately \u2013 GUTA tells government \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Ghana Union of Traders\u2019 Associations (GUTA) has called for the immediate end to the implementation of a 5% excise tax on plastic manufacturers. 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